2012-12-01
2012-12-31
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. >>> abe time time this morning for a telephone call with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a new government. he's made strengthening the japan-u.s. relationship a priority. we have more from washington. >> people in the obama administration place a high priority on stability in the asia-pacific. they have been troubled by increase in tension between japan and china over which country owns the islands in the east china sea. and they're concerned the conflicting flames allowed to fester, it could unsettle the dynamic in the region. they want to see security policies and sophisticated diplomacy to calm the situation. u.s. leaders are worried of being drawn into a military confrontation because of their alliance with japan. >> our message to the new japanese government is the same assed to former japanese government, is that we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> reporter: now japan is tied up in

to keep talking about how to deal with the leadership in pyongyang. susan rice says u.s. officials apprriate action.alled rtners to she said the security council may need to impose additional sanctions. experts say one reason they went what he had the launch was to get the upper hand in negotiations with the u.s. the north koreans have developed the capability to launch missiles that could reach the u.s. mainland. i started asking about the riousness of these developments. now looking at this as a safety concern. they called the launch is provocative act. >> it undermines the global nonproliferation regime. it's regrettable that the leadership chose to take this in flagrant violation of its >> tbama administration is also alarmed that north korea is getting closer to its goal of developing a long range missile capable of carrying a nuclear warhead. >> what further steps could the americans take? >> the u.s. had an agreement to provide north korea with food aid. the deal fell apart in april when the north korean regime went what he had a satellite lunch but was widely regarded as an

support the inflammatory flames heard on the floor of the u.s. senate used to block a u.n. treaty. a treaty meant to improve the lives of millions of disabled people around the world. hundreds of millions. the treaty is called the united nations conventions on the rights of persons with disabilities. it was modeled on the americans with disabilities act. the treaty was meant to encourage other countries to be more like the u.s. on the issue of equal rights for the disabled. also disabled americans who visit or live in other countries could potentially benefit from the u.n. treaty. 125 countries ratified it. but on tuesday, 38 u.s. republican senators voted against it. there names are right there. some of them flip-flopped at the last minute. some had signaled support for the treaty and then indicated they'd vote for it only to vote against it. one of the measure's co-sponsored, jerry mirrand, actually voted against it. so the guy who co-sponsored it voted against it. we asked him to come on the program yesterday, today as well. he declined. a former senator got involved on this as

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>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c

. we are learning u.s. forces could soon be headed to the syrian border. their mission part of nato's plan to put patriot missiles at the line between turkey and syria. those patriots are designed to intercept any potential missiles coming from syria. and defense officials say any country that sends its equipment is likely to send their own troops to operate it we're told no one has signed deployment orders officially just yet. it's almost certain at this hour u.s. troops will be on the move. there is absolutely no indication our fighting men and women would cross into syrian territory. but the pentagon has told the obama administration it would require more than 75,000 soldiers to secure syria's chemical weapons stockpile. it's impossible to say exactly how much that would cost. but the price tag for that sort of operation could easily run into the billions of dollars. now, again, there is no indication at all that such an operation will happen any time soon. all this coming just days after president obama warned the syrian regime of consequences if it turned chemical weapons on it

about late in life was his role in the u.s.-mexico border of 1846. grant said at the time i do not think there was ever more wicked were then that waged by the united states of mexico. i thought so at the time when i was the dexter, only i had not moral courage enough to resign. during the time of the u.s.-mexico war, i just found this are really moving "which is why it took it for my title. the fact of the matter is grant was not alone in thinking that the u.s. invasion of mexico was somehow wicked. wanted to talk about in this book and tonight is the evolution of the american public during the course of the u.s.-mexico war from being with it -- really enthusiastic and in favor to largely turning against the war. i see the u.s.-mexico war as the moment of america's first antiwar movement actually coming into being. there was anti-war sentiment during the revolution and certainly during the war of 1812, but that sentiment was limited. what you see happen is a consensus across the board. people from different regions of the country, soldiers in the field to officers, politicians, all the

regulation authority. u.s. and european scientists offered advice on nuclear safety. richard meserve is former chairman of the u.s. nuclear regulatory commission. he says people overseeing the nuclear industry must have technical skills if they are to properly enforce regulations and that those skills must be continuously assessed. he also said foreign staff should be hired if necessary. andre-claude lacoste is the former head of france's nuclear authority. he say prior to the fukushima accident, the operators only implemented the safety measures that were legally required. he said it's dangerous for plant operators to rely only on state regulations and that they should be encouraged to voluntarily enhance safety. the chairman of the nuclear regulation authority says he's not satisfied with the safety awareness level in japan's nuclear plants. shunichi tanaka says the country must boost those measures by listening to the advice of foreign experts. >>> north korea says any criticism of the rocket launch they carried out this week will be taken as a declaration of war. more than 100,00

today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s

than 10,000 kilometers capable of reaching the u.s. west coast. experts used data from previous launches to make their estimate. they say a missile launched in 2009 had a range of almost 7,000 kilometers. north korean officials tried again in april. the rocket exploded shortly after takeoff. seconds longer tn those used 18 inrevious attempts. the experts believe engineers may have succeeded in reducing the size of a nuclear warhead. south korean officials say workers have completed the assembly of the three-stage missile. they say once the crew injects the fuel, it will be ready to go. authorities in pyongyang say they've launch between the 10th and 22nd of this month. they say they're sending a satellite into orbit. but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if they go ahead with the launch. >> we will be prepared to work with our partners, including at the

authority. u.s. and european scientists offered advice on nuclear safety. richard meserve is former chairman of the u.s. nuclear regulatory commission. he says people overseeing the nuclear industry must have technical skills if they are to properly enforce regulations and that those skills must be continuously assesd.d. he f f f f f f should be hired if necessary. andre-claude lacoste is the former head of france's nuclear authority. he say prior to the fukushima accident, the operators only implemented the safety measures that were legally required. he said it's dangerous for plant operators to rely only on state regulations and that they should be encouraged to voluntarily enhance safety. the chairman of the nuclear regulation authority says he's not satisfied with the safety awareness level in japan's nuclear plants. shunichi tanaka says the country must boost those measures by listening to the advice of foreign experts.>>>>>>>>>>>>>>> criticism of this week will be taken as a more than 100,000 celebrated the launch in pyongyang, including officials from the korean workers party and mili

that might support the inflammatory claims heard on the floor of the u.s. senate that were used to block a u.n. treaty, a treaty meant to improve the lives of millions of disabled people around the entire world. now, the treaty is called the united nations conventions on the rights of persons with disabilities and it was modeled on the americans with disabilities act. now, the treaty was meant to encourage other countries to be more like the u.s. on the issue of equal rights for the disabled. also disabled americans or vets who visit or live in other countries could potentially benefit from the treaty. 125 countries ratified the treaty but on tuesday, 38 u.s. republicans, senators, voted against it. their names right there on the right of the screen. some of them flip-flopped at the last minute, some senators had actually signaled support for the treaty, then indicated that they would vote for it only to vote against it. one of the actual measures co-sponsors of it, he actually voted against it. one of the co-sponsors. amazing. he voted against the bill he had co-sponsored. we asked him to c

u.s. spending for defense at $699 billion. >> we can reduce that by well over a $100 billion a year. >> the range of new threats include cyber threats, bio threats, and a host of non-state actors. >> how do you do all of this on the budgets we have for the armed forces given the debt situation we have in our own country? >> that's going to be, i think, in many ways the biggest debate within the military, if not, in society at large. (instrumental music) >> in a democracy agreement is not essential, but participation is. >> never before in our history have we been so inter-connected with the rest of the world. >> foreign policy is actually not foreign. >> america has faced great hardship before and each time we have risen to the challenge. >> the ultimate test is to move our society from where it is to where it has never been. >> join us as we explore today's most critical global issues. join us for great decisions. (instrumental music) >> great decisions is produced by the foreign policy association, inspiring america's to learn more about the world. sponsorship of great decisions i

to talk about today is my most recent book, "a wicked war: polk, clay, lincoln, and the 1846 u.s. invasion of mexico." the title dream to is taken from a quote from ulysses s. grant. from the thinnest i've come across back in everything he did then in his career and this number as he writes frankly about experiences he's had, the good in the bad and it makes for good reading. but one thing that grant spent some time together talking about in his life was his role in the u.s.-mexico war of 1846. grant said at the time, i do not think there is a more wicked words and outraged by the united states and mexico. so at the time when as a youngster, only he had not wrote urging us to resign and grant during the time that the u.s.-mexico war was a young lieutenant. i found this a really moving quotes so he took it from a typo. the fact is grant was not allowed in thinking the u.s. invasion of mexico was somehow wicked. one thing i talk about in this book and tonight is the evolution of the american public during the course of u.s.-mexico war, which is not about word by any means from being really t

korea telex its first female president. she has pledged to help the ailing economy. >>> u.s. president barack obama says he wants concrete proposals on gun control presented to him by the end of next month. >> after the school shooting and connecticut, president obama said he was prepared to put the full weight of his office behind this issue. we now know how he plans to do that. these are the victims, three more children buried in newtown, conn., today, a teacher who tried to save them laid to rest as well. now politicians are talking about how to prevent another mass killing of children in their classrooms. >> we have a deep obligation, all of us, to try. >> not president obama has put vice president joe biden in charge, saying that he will outline his proposals next month. >> the good news is there is a growing consensus to build on, with a majority of support banning the sale of military- style assault weapons, a majority support the ammunition clips. that the president says that gun-control legislation will be part of it, but he is not saying, and nobody asked, if he is considerin

exchanging views with ambassadors from japan, the u.s., china and russia. she has already started moving to form her government. she'll meet with members of the present administration to go over issues. a transfer commission will finalize her policies. then in february she'll officially become the first woman in south korea to be president. >>> voters in south korea thought about the power of conglomerates when they cast ballots. many are frustrated that the big business blocks are elbowing out small and medium-size companies. they want their next president to level the playing field. we'll take a more in-depth look into that issue on friday. >>> japan's next leader has been dialing up the pressure on central bankers. he says they need to do more to shore up the economy. officials at the bank of japan emerged from two days of meeting and agreed to pump money into the economy for the fifth time this year. policymakers decided to add 10 trillion yen or $120 billion to the bank's asset-buying program. they plan to add $60 billion to buy up long-term government bonds. they will spend another

of the world if the u.s. fails to reach a deal? the u.s. is the world's largest economy, so it performance affects the other economies. -- so its performance affects the other economies. u.s. consumers will not have cash to spend on products from the big exporters. eu countries would be weekend in their fight against the financial crisis across the eurozone -- be weakened in their fight against the financial crisis across the eurozone. one economist says it is likely that president obama will negotiate a temporary deal. >> the importance of the u.s. this cliff is extremely -- u.s. fiscal cliff is extremely high. the main growth engines are firstly china, which will grow at about 8%. the u.s. is still very important. we are expecting growth of about 2%. if the u.s. goes off of this book with and you have very weak growth, that will be a huge dent in the global outlook and will have transmission of sex to the rest of the global economy at that time when the eurozone is still in recession in japan has also slid into recession. the risk is that this negotiation process could be protracted. i t

, and the 1946 u.s. invasion of mexico." the title, "a wicked war", is taken from a quote from ulysses s. grant. from late in his life, grant look back on his career and in his memoir he writes about the experiences that he had, good and the bad. it makes for good reading. one thing that grant spent some time talking about leaving his wife with his role in the us-mexico border of 1986 -- 1846. >> i found is a very moving quote. the fact of the matter is that grant was not alone in thinking that the u.s. invasion of mexico was somehow with it. one thing that i talk about in this book and i will talk about tonight is the evolution of the american public during the course of the u.s. and mexico war, from being really enthusiastic to largely turning against the war. i think the u.s. and mexico war of the moment of america's first antiwar movement actually coming into being. so there was antiwar sentiment during the revolution, and certainly during the war of 1812. that sentiment was limited. what you see happening in 1847 is a consensus, really, across the board. people from different regions of th

within the u.s. and the west and libya was a time which i had lived as a junior diplomat from 2004-2006 when a small group of us were sent to tripoli to basically laid the foundation for picking the embassy. i, you know, spend a lot of time in the middle east, sometimes i wonder whether i should a steady japanese like when i was in college because the degree of change ability, it's a drama continuing, but there's a certain something about the region and the people and the disparate culture which is really quite gripping and the more that you get into it the more you become passionate about it. i'm simply very passionate about libya. essentially some of the reflections that i heard, the commentary that was made to me while i was posted in libya were basically driving desire to write this book because a number of people came up to me. very surprising in different contexts, different taxi drivers, police to make lots of money as middlemen between the regime and the private sector, former mark -- former monarchy, people who have been parliamentarians' back in the 60's said, look, we un

is fragile at best. >> the u.s. is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. to have that large player virtually shut in a recession would be bad news for the rest of the world. we do not think that's at the moment. we do not want to have this effect on a french our recovery. >> what would your message be to members of both parties on capitol hill and to the white house? >> i would say focus on the real issues. the real issues are the united states and its leadership role in the world. the u.s. has an economic leadership in the world. to protect that and make sure that that leadership in tourist, the uncertainty has to be removed. if you are speaking from

to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe

with u.s. president barack obama. they talked about meeting next month in washington. it would be abe's first foreign visit after forming a new government. he's made strengthening the japan/u.s. relationship a priority. nhk world has more from washington. >> people in the obama administration place a high priority on stability in the asia-pacific. they have been troubled by increasing tension between japan and china over which country owns the senkaku islands in the east china sea. their concerned thathe conflict i claims allowed to fester could unsettled dynamic in the region. they want to see policies and sophisticated diplomacy to calm the swaituation. they're drawn into military confrontation because of their alliance with japan. >> our message to the new japanese government will be the same as the message to the former japanese government, which is that we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> now japan has stirred up another territorial dispute with south korea. u.s. official want up

were also bought on hopes that u.s. democrats and republicans may reach an agreement to avoid the so-called fiscal cliff. >> translator: i think many people are pinning their hopes on mr. abe to revive the japanese economy, because his party won a landslide victory in the election. >> translator: i'm not sure whether this upbeat trend will continue or it's just temporary. i'm concerned the u.s. fiscal cliff may have a downward effect. >> market players are, for the time being, are cheering the bold monetary easing measures put guard by the democratic liberal party leader. however, some say measures by the central bank may not be enough to pull japan out of its prolonged deflation. there are also concerns that price hikes without wage increases could dampen consumer spending and that could eventually pull down the country's economy. gee the global campaign to end polio have become targets of deadly violence. patchari raksawong at our bureau in bangkok has details. >> gunmen killed 12 members of the anti-polio campaigns in a string of attacks this week. the world health organization is

. that is how long u.s. lawmakers have to reach a deal or go over the fiscal cliff. for weeks, the combination of tax increases and spending cuts has been the ultimate political football in washington. there is little sign of any holiday good cheer. >> in washington, the fiscal cliff a stalemate remains. >> the latest on the fiscal cliff. >> the ugly phrase that is on everyone's lips, fiscal cliff, is what america could tumble off and 11 days. it means that if the president and congress cannot agree on a plan to sort out finances, there will be automatic savage cuts and brittle tax rises. neither side is budging much. >> it is very hard for them to say yes to me. at some point, they have got to take me out of it and think about their voters. >> four weeks, the white house said that if i move on rates, they would make substantial concessions on spending cuts and entitlement reform. i did my part. they have done nothing. >> it would mean automatic spending cuts worth more than a trillion dollars. taxes for the average household would go up by about three and a half thousand dollars. most economi

getting u.s. visa's and freezes their assets. so this bans u.s. officials from coming to russia, u.s. officials who have committed abuses and crimes against russian citizens. it shuts down n.g.o.'s in russia, and most controversially it makes it illegal for american families to adopt russian children. the argument is here, in terms of adoptions that russia has been concerned for sometime, that russian children who have been adopted in the u.s. have faced abuse, have not been treated well. but, critics of the kremlin would point out that there are many children here in russia who are treated horriblely too, and it's simply not right to bring in a total ban of russian orphans by u.s. families. >> ok, well steve we wait to see the impact of that. thanks very much. and indian paramedic student fights for her life. her doctors say he suffered brain injuries after she was gang raped. that's a common enough experience in india, but this particularly brutal attack by six men on a group bus has sparked anger and demands for tougher penalties for rapists. political leaders have been criticized

if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out

in the u.s., but we did it and we were condemned by the u.s., the state department. we were condemned by the u.n. years later, people appreciated the grave issue he took was for the benefit of the american people. because then you invade iraq come you are able to go into iraq without the risk of the iraqi nuclear. thus go back to 1973. i'm sure some jewish people and the audience and for us, the jewish people yom kippur is the holiest day of the year, where we go to the shore, we pray 1973 turn yom kippur. even though i thought i knew everything before i wrote the book. when i was doing the research i learned myself a lot. i found out 1973 congress by surprise, were almost an appointment would've lost the war. in the middle of the war, we can go to the sea. it's not the war in vietnam or afghanistan. it means rout of the game to make it to a crucial point in the first day of the war that we were invaded from both france and in washington sent a telegram to the embassies, which is not far away and i might telegram there was a message from kissinger, secretary of the state department, t

the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into ain truck on a desert road in a town of radda when they're struck by a missile. the washington post reports the yemeni government tried to hide u.s. responsibility for the attack by taking credit for carrying it out. the yemeni government also initially claimed only militants were killed in the strike, or forced to withdraw that claim after mourners tried to bring the dead bodies to the gates of the presidential residence. according to the washington post, the attack has devastated the community and militants in surrounding areas have gained more recruits for their fight against the u.s.-backed yemeni government since it occurred. diplomatic cables released by wiki

responsible for killing four american in bung bung. u.s. officials egyptian authorities with the help of american intelligence have retained the leader behind the attack on the u.s. consulate. we'll talk about the big development and egyptian protestors expressing anger over president morcey- mursi's power. military warning that serious talk're talks are the only way to avoid a catastrophe. fox news alert. u.s. are saying with the alleged ring leader of the terrorist network tide to the brutal atalk that killed four americans. this may have stopped a new launch of al qaeda. molly? >> u.s. officials have not had a chance to interrogate him yet. but they have been tracking this guy for months. egyptian authorities arrested muhammad amad in the past week or so. he's 45 years old and the leader of a group that took part in the deadly attack in benghazi, libya on september 11th. he appears to be ambitious and big plans for the group. this is what we know about him. a former egyptian jihad member and released arab spring and setting up terror training camps in libya and egypt with help from

to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. >> for more information on tavis: please welcome at pbs.org. back to this program. -- please welcome wole soyinka back to the program. he is now a president -- a professor in residence, and he is the author of a new text, "of africa." >> thank you very much. tavis: you were tired of this nonsense that africans are inferior in a variety of ways. are we beyond that? >> i think it is an exaggeration to say that is why i wrote it. and number of reasons. it was to express my astonishment. it was totally mine blowing. i just mention that as one of the in ciliary -- one of the ancillary. i find a lot of crises tend to generate from east to west and cristian and islam. and there are what i call the invisible religions. lessons to teach the world. tavis: how do this to stand in their version religions play themselves out? >> yes, a very good question. look at somalia. look at more tanya. -- and more tanya -- look at another country. we would have t

to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china w

>>> weaker yen, stronger dollar. the u.s. currency is trading at the upper yen level. that's the highest lel in 24 months. the dollar yen is strading at 84.74 to 75 in tokyo. earlier the dollar hit 84.96 yen at one stage. investigato investors are buying yen. >> the central bank will face further pressure. >> we're going to get some more answers as the new administrati administration launches on wednesday. the ps is on. he's talking about revising the law to set target of 2%. >> we think the yen we think it's supporting for weaker yen. european debt concern should be eased things to esm. >> let's get a check on how tokyo stocks are reacting. it's currently at 10,094. a gain of 1.6% from friday's close. many analysts think the trend will continue. in other business headlines the rate of unpaid tensipensions inn hit a record high. around 26% or more than 4.5 million of those enrolled failed to pay premiums between april 2009 and march 2011. 74% said they couldn't pay because the premium is too high. 10% refuse to pay because they couldn't trust the system. the monthly premium

it plan b. tax cut aimed atmi keeping the u.s. from the fiscal cliff. the plan is expected to be rejected by the senate. if the parties cannot agree by the end of the year, many are predicting chaos. >> it is an exercise in republican vote counting that will not result in anything for the american people. it cannot pass the senate. the president would veto it if it got to his desk. plan b, which is the only thing the house of representatives and the republicans are focused on now, a multi day exercise in utility, at a time when we do not have the luxury of exercises in futility. >> president obama and senate democrats have not done much of anything. their plan b is to slow what does over the fiscal cliff. for weeks they said they would make substantial expansions on spending cuts. i did my part. they have done nothing. >> the stalemate is moving the u.s. economy towards a so-called who fiscal cliff if agreement cannot be reached. it is expected to cause the economy to shrink close to 4% of gross domestic product. some fear it will lead to a recession. many economists are calling for a lon

they found in lebanon. al jazeera. northeastern lebanon. >> eight u.s. soldiers are suing the tokyo and to power co. for alleged radiation exposure. they claim it lied about the threat posed by leaks after the march 2011 earthquake and tsunami. the damp -- that they missed the fukushima nuclear plant. heavy 8 were involved in relief operations in areas around the plant. japan piece in the government says it whalers are heading out to the sea but only carrying out research. the main group departed on the annual hunt in the southern ocean surrounding antarctica. japan introduced scientific whaling to avoid a commercial willing than under a 1986 moratorium. a man and australia survived being mauled by a shark. he was serving in new south wales. he lost a finger and chunk of his five. putting on a brave face for the cameras but shark attacks are unusual this time of year. >> the dolphins swimming all around him and all of the sudden the sharp just comes up and took for the chunks out of him and then he'd actually put the nose of the board into the bull shark's head. >> did a marvelous j

businesses major corporations. what can we do for you? >> and now, "bbc world news." >> can u.s. politicians reached a deal to stop tax rises in spending cuts from damaging the american and the global economy? hillary clinton is being treated at this hospital in new york. she has a blood clot. there's concern over the health of the venezuelan president who has suffered complications after cancer surgery in cuba. walk into bbc world news. coming up, and look back at the british troops as they prepared handover to afghan forces. new zealand becomes the first major city to welcome 2013. time is running out for politicians in the united states to strike a deal to prevent the economy from going over the so- called fiscal cliff. that is when a package of automatic spending cuts and tax rises comes into fact which could set the country back into recession. that less than 20 hours into the generate the first deadline. >> as night descended on washington, no deal precentors went home with a low over 24 hours to go before the huge austerity package known as the fiscal cliff, something almost nobody wa

are worried that that could send the u.s. economy back into recession. president obama even said look, if we want a big bargain, we have to give some. the deadlock has always been that the democrats want the richer to pay higher taxes. republicans said they did not want that, they wanted higher spending cut. republicans then said that those who earned $1 million would pay a higher tax. >> president obama said he would increase the threshold from $250,000 to $400,000 and we will see cuts in social security and tax cuts for the middle class. a big chunk of the population. president obama has long said that he would try to protect them. but really, it comes down to the spending cuts. where are they going to come from? listen to this. >> this is the right direction, but we sti long way to go. in terms of spending cuts, we focused a lot in the recent hours on the tax increase and threshold. in terms of spending cuts, we have not even really started the debate of where it is going to come from. a thing it is a step in the right direction. both parties clearly have their constituents to talk to and

it in perspective. the euro/u.s. dollar didn't move that much whatsoever. from that point of view, i don't think that we just have to look at today or the last two days of development in euro/u.s. dollar. of course, global trade is really important for the german economy. it continues to be very important. even from a private consumption point of view, we did have quite a bit of support as of late. also because of the wages. and looking at the world bank report, also looking at the asian economies in 2013, 2014, them seeing a little better picture is very good for the german economy and not to speak about the turnaround in the u.s. which seems to be stabilizing, looking this also at the housing market. so business sentiment better than expected. it is rising. the current conditions a little weaker than expected. add to that the financial analyst numbers we had as of late, also better than expected. not too bad. >> patricia, we'll see you again next hour. thank you very much for following all the latest there. >> sure. >>> now, shares in ubs have edged up in early trade after the bank announced a

of libya's ire -- ire veal -- irrelevance of u.s. policy. go back to the libyan's fate, one, the u.s. relations with lip ya has been, you know, u.s. has always looked at libya as something of a strange creature that we could use for certain -- as a piece, of a strategy that had to do with the region as a whole. it was never looked at -- it was never seen as an object in and of itself. could start with the relation of the soviets, the eisenhower doctrine, and the united states' desire to push back soviet influence. libya was desperately pleading for u.s. attention back then, for aid, to get itself together, to stand on its own feet. this was before the discovery of oil, and the u.s. took a, well, you know, you're not really important as e just a minute, for example, and, you know, we'll think about it, and the result was that the prime minister of the time, you know, basically devised a plan to court the soviets and see if he could grab the united states' attention, and that happened. the next, you know, major event was the libya's and gadhafi's successful bid to change drastically th

whose founding president is currently serving a two-year sentence. u.s.-backed rain monarchy banned all public demonstrations earlier this year. new figures show the obama administration has conducted more than 200,000 deportations of parents with children who are u.s. citizens over a period of about two years. according to federal data, nearly one-quarter of all deportations from july 1, 2010 to the end of the september for issued for parents with u.s. citizen children. colorlines reports the data appears to dash hopes that new guidelines issued for deportations last year would curb the separation of families by immigration and customs enforcement. the prosecutorial discretion guidelines instruct ice agents to focus on certain immigrants, including those with criminal convictions, and to consider a person's ties to the country and "whether the person has a u.s. citizen or permanent resident spouse, child, or parent" when making deportation decisions. a group of new jersey residents who say they're subjected to surprise pre-dawn, immigration rates has reached a settlement of the federal

, the overseas applications of you as two activities either a director in significant effect in the u.s. commerce for the potential for evasion. we support the goals of title vii which provide great transparency and increased oversight of the swaps market. there is growing concern of the cftc and divergence and the sec regarding the process and timing in the house slots and security base wipes are a furry and declines. as the committee is aware, the industry is facing quickly approaching the highest deadline. without the benefit of final payments with the international scope of these rules. the lack of clarity related to the rules cross-border application manifests itself in particular with respect to three aspects. the cftc sdc to more pressing concerns with the requirements. the first is to has to register as a swap deal or. given the nature register, firms of which make decisions if i look so as to which entities to register with the cftc. making these decisions without being fully informed to the rules that apply in literal take to comply and position untenable love love and predict ability.

to be the best of all pleasures to introduce dr. beatrix hoffman to you. she is a leading historian of u.s. health care system. i bet you have been very busy during this political season. with the debate about what is best in health care, what is best in health care insurance, what is best for women's health-care rights, being in the air everywhere we look. as a person addicted to both politics and academic and women's history, i and i'm sure all of us are interested in this presentation so thanks for being here. you couldn't be in a better counter this talky their since much of grand rapids has been very highly invested in the health-care industry, hoping to develop stellar health education, research, innovation in practice, all in the quest for great health-care you. i hope you will be able to see what we call health-care in michigan where so much investment in medical health related work has been made. beatrix hoffman is chair of history at northern illinois. she completed her ph.d. as everyone at my table did at rutgers university in 1996. she has written extensively on the history of

at the united states. after the launch that happened during the newscast last evening. u.s. officials say there will be consequences. they report this is video of watching the launch at command center. the three-stage rocket is similar to one to carry warhead to california. but the north is long way from pulling off the nuclear attac attack. this rocket carried weather satellite but the launch itself violates all kind of united nations resolution. >> the international community has to continue to make clear that there won't be any benefit for north korea in this. and on the contrary, that there will be consequences. >> shepard: no word on what the consequences might be as usual. by the way, analysts say north korea spent more than $1 billion on the last two rocket launchs. enough to feed the country for a year. that country is very hungry. jennifer griffin at the pentagon tonight. where was this headed? >> reporter: well, remember, the pentagon was tracking this with egypt radar. the u.s. navy moved several warships in to the pacific. with that radar on board. they were watching. waiting

. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, lawmakers are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and th

finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this

for putting the alliance with the u.s. in danger by flip-flopping on relocating american bases. you know, opposition parties will be making these same arguments to voters. >> so how do you rate the opposition's chances of winning? >> mm-hmm. recent polls suggest that main opposition leader democrats could regain power. you know, leader shinzo abe has already served as a prime minister in 2006 and '07. he says he would not yield in territorial fight with china and would increase defense spending if necessary. at the same time, he said he would do more to mend economic ties. he said if deflation persists he might delay the hike in the consumption tax. he has piled the pressure on the central bank to do more to ease monetary policy. he has said the government policy of phasing out nuclear power by the 2030s is unrealistic and irresponsible. >> so how about all these new parties that we're hearing about? >> well, voters who are tired of the establishment could support what are known as the third force. former tokyo governor shintaro ishihara leads the restoration party. its candidates are as

has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in

$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements

by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the arrested men are british citizens in their 30s or 40s. 's unknown whether the suspects worked for banks or what their exact charges are. in june, the nation's financial regulators imposed a huge fine on barclays bank based in

for you. >>> the u.s. is set to go over the fiscal cliff in five days. that means taxes will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is

schwarzkopf a little- known u.s. army general looking to retirement. then saddam hussein invaded kuwait and norman became a household name. he turned into the face of the u.s.-led counterattack called youoperation desert storm. >> let me put it this -- it will take as long as it takes for a iraqis to get out of kuwait and the united nations resolution to be enforced. >> the campaign culminated in a massive ground offensive, routing the iraqis in 100 hours. >> the navy has been told to get out of the war completely. >> was norman schwarzkopf a west point graduate who spent his whole career in the army. he was a war hero in vietnam, where he earned three silver stars, three bronze stars, and two parts. president george h. w. bush presented him with the medal of freedom for service to his country. president bush called norman schwarzkopf "a true american patriot." in retirement, he declined calls to run for office, devoting himself to public speaking and charity work. he leaves his wife and three children. norman schwarzkopf was 78. >> this morning former president george h. w. bush remain

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